A woman who had loved a home in Ormond for more than 30 years bought it for $1.81 million.
She was so serious about the purchase, the buyer made an opening bid of $1.7 million – right on the reserve. The sale was a bittersweet moment for the vendors, who had raised their family there and were now moving to the Mornington Peninsula to downsize, he said.The Ormond sale came amid a hot and cold Melbourne auction market, where some homes are selling for more than expected while others pass in.In Croydon, a four-bedroom home sold to a family moving from Vermont for $1.2 million, after they beat a local real estate agent for the keys.sold at the top of the price guide of $1.1 million to $1.
Fenech said while properties in the higher end of the market were selling, others were finding it tougher as interest rates rise. “The buyer just rolled up on the day and took a quick look inside before the auction,” Vaughan said. “There were a few other developers that jumped in, so it turned out to be a big auction with a big crowd.”sold under the hammer for $2.19 million to a young family looking to upsize to the area. They were one of two similar parties at the auction of the four-bedder.